India, Feb. 7 -- The White House released on Monday the 'United States-India joint statement' on the 'interim' trade agreement between the two countries, giving supposed details of the trade agreement reached upon after around year-long negotiations.

The joint statement released by the White House reiterates the claims made by the US President Trump that India "intends" to purchase $500 billion of U.S. energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over the next 5 years. It also says that the US will reduce the reciprocal tariffs on India to 18% from 25%.

The United States of America (United States) and India are pleased to announce that they have reached a framework for an Interim Ag...